mikkix
SENIOR MEMBER
- Joined
- May 7, 2010
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@all Indians fellows and Pakistanis.
In islamic country bank can work as a moderator. there are certain rules in ISLAM BANKING such as In partnerships Islamic bank is a partner of any individual for e.g if i want to invest some money to some sectors and i need a loan from bank then I and bank invests together as a partner in the investment and share of profits distributes as per share of investment. Bank can also provide money to the people and for that he want a rent against that money,
Islamic Bank can also work as a agency for the investor means he(bank) invests money for the investor who wants to deposit their money in the bank and bank collects his rent against the duty he performed,,,there is a big difference between rent and interest...
Islamic banking is now studying and implementing in malaysia and soon it will be the modern way of Banking in the world...
In islamic country bank can work as a moderator. there are certain rules in ISLAM BANKING such as In partnerships Islamic bank is a partner of any individual for e.g if i want to invest some money to some sectors and i need a loan from bank then I and bank invests together as a partner in the investment and share of profits distributes as per share of investment. Bank can also provide money to the people and for that he want a rent against that money,
Islamic Bank can also work as a agency for the investor means he(bank) invests money for the investor who wants to deposit their money in the bank and bank collects his rent against the duty he performed,,,there is a big difference between rent and interest...
Islamic banking is now studying and implementing in malaysia and soon it will be the modern way of Banking in the world...